Gold & Silver

Gold futures down at Rs 29,196 on profit-taking

PTI New Delhi | Updated on March 12, 2018 Published on November 15, 2011

Gold futures prices declined by Rs 53 to Rs 29,196 per 10 grams today, as speculators booked profits at existing higher levels amid a weakening global trend.

At the Multi Commodity exchange, gold for delivery in February declined by Rs 53 or 0.18 per cent to Rs 29,196 per 10 grams with a business turnover of 513 lots.

Similarly, the metal for delivery in December lost Rs 40 or 0.14 per cent to Rs 28,898 per 10 grams with a trade volume of 6,784 lots.

Market analysts said besides profit-booking by speculators at existing higher levels, reports of a weakening global trend mainly led to the decline in gold futures prices.

Meanwhile, the yellow metal dropped by 0.8 per cent to $1,765.53 an ounce in Singapore.

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Published on November 15, 2011
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